The slower-than-expected rise in US household spending eases pressure on the Fed
US household consumption grew less than expected in February, while the rise in the core PCE index, the Fed's preferred measure of inflation, slowed. This increases the room for maneuver of the Federal Reserve.
With no recent bad news in the financial sector, inflation and central banks have returned to center stage.
In the United States, the core PCE index of personal consumption expenditure, the measure of inflation most closely followed by the Federal Reserve, fell to 4.6% year on year in February after 4.7% in January.
Combined with the weaker than expected 0.2% rise in household spending last month and the increase in weekly jobless claims, this easing gives hope that the slowdown in demand is bringing the Fed closer to the peak of its cycle. monetary tightening.
